Several other Florida cities are seeing improvements in luxury home sales, including Jacksonville, where sales were up 32.8 percent; Orlando, with a 14.3 percent increase; and Sarasota, with a 3.4 percent jump. Luxury home sales fell by 1.1 percent in Miami/Fort Lauderdale and by 6 percent in Fort Meyers, the report said.

Overall, the luxury home market improved in 2012, with sales of homes priced at $1 million and above up by 9 percent in the first nine months of 2012 compared to the same period one year ago, the report said.